Quantcast

West Cook News

Tuesday, May 13, 2025

Former state school employee Pudlo paid in $113K to teachers' pension fund, could collect $2.69M in retirement

Shutterstock 113962678

Former state school employee Linda Pudlo, who retired in June 2017, saved $113,259 toward a pension over 29 years working for public schools, Teachers' Retirement System of the State of Illinois records show.

Over 30 years of retirement, Pudlo would collect as much as $2.69 million, according to a projection by Local Government Information Services (LGIS), which publishes West Cook News.

The projection assumes Pudlo received $56,630 in the first year of retirement, then 3 percent annual increases thereafter, compounded.

After 2 years of retirement, Pudlo will have already received $114,959 in retirement benefits, or more than the sum total of the retiree's contributions to the teachers' pension fund.

MORE NEWS